Civic Intelligence

Blight Authority of Memphis Inc

EIN 81-2000933 • 501(c)3 • Memphis, TN

Profile

Blight authority of memphis' mission is to convert vacant, abandoned, foreclosed or tax delinquent properties into productive use, to reduce blight, to increase property values, and to improve the quality of life in memphis neighborhoods.

1910 Madison Ave 623Memphis, TN 38104

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

83rd percentile

0.40x

Higher debt load relative to assets than 83% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

90th percentile

0.77x

Higher debt load relative to revenue than 90% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Net Margin

20th percentile

-13%

Higher net margin than 20% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

85th percentile

$94,252

Higher top officer pay than 85% of similar nonprofits.

Top officer pay equals 18.7% of source-year revenue.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Asset Growth

17th percentile

-14%

Faster asset growth than 17% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Revenue Growth

28th percentile

-8.2%

Faster revenue growth than 28% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Assets

Down

$984,061

Down $163,893 (-14%) from 2023

Liabilities

Down

$390,362

Down $96,683 (-20%) from 2023

Net Assets

Down

$593,699

Down $67,210 (-10%) from 2023

Revenue

Down

$504,211

Down $44,770 (-8.2%) from 2023

Expenses

Up

$571,421

Up $161,793 (+39%) from 2023

Net Income

Down

-$67,210

Down $206,563 (-148%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$1.5M$1.0M$500K$0Assets 2018: $111,347Liabilities 2018: $0Net Assets 2018: $111,3472018Assets 2019: $247,987Liabilities 2019: $500Net Assets 2019: $247,4872019Assets 2020: $191,339Liabilities 2020: $32,288Net Assets 2020: $159,0512020Assets 2021: $665,354Liabilities 2021: $470,879Net Assets 2021: $194,4752021Assets 2022: $1,017,843Liabilities 2022: $496,287Net Assets 2022: $521,5562022Assets 2023: $1,147,954Liabilities 2023: $487,045Net Assets 2023: $660,9092023Assets 2024: $984,061Liabilities 2024: $390,362Net Assets 2024: $593,6992024

Highlighted filing

2024

Assets$984,061
Liabilities$390,362
Net Assets$593,699

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$800K$600K$400K$200K$0-$200KRevenue 2018: $25,010Expenses 2018: $10,457Net Income 2018: $14,5532018Revenue 2019: $151,266Expenses 2019: $15,126Net Income 2019: $136,1402019Revenue 2020: $9,669Expenses 2020: $98,105Net Income 2020: -$88,4362020Revenue 2021: $170,737Expenses 2021: $135,313Net Income 2021: $35,4242021Revenue 2022: $613,371Expenses 2022: $286,290Net Income 2022: $327,0812022Revenue 2023: $548,981Expenses 2023: $409,628Net Income 2023: $139,3532023Revenue 2024: $504,211Expenses 2024: $571,421Net Income 2024: -$67,2102024

Highlighted filing

2024

Revenue$504,211
Expenses$571,421
Net Income-$67,210

Filings

Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2023 below.

Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Nov 8, 2023
Return Version
2022v5.0
Gross Receipts
$548,981
Mission and Program Overview

Mission

Blight authority of memphis' mission is to convert vacant, abandoned, foreclosed or tax delinquent properties into productive use, to reduce blight, to increase property values, and to improve the quality of life in memphis neighborhoods.

Memphis metropolitan land bank authority's mission is to convert vacant, abandoned, foreclosed, or tax delinquent properties into productive use, to reduce blight, to increase property values, and to improve the quality of life in memphis neighborhoods.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$560,477$705,282▲ $144,805
Cash and Non-Interest-Bearing Accounts$456,592$434,542▼ $22,050
Accounts Receivable-$7,366-
Prepaid Expenses and Deferred Charges$274$274→ $0
Total Assets$1,017,843$1,147,954▲ $130,111
Other Assets Total$500$490▼ $10
Liabilities
Other Liabilities$376,200$375,500▼ $700
Mortgage Notes Payable Secured by Investment Property$110,374$88,796▼ $21,578
Accounts Payable and Accrued Expenses$9,713$22,749▲ $13,036
Total Liabilities$496,287$487,045▼ $9,242
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$510,556$560,909▲ $50,353
Net Assets With Donor Restrictions$11,000$100,000▲ $89,000
Total Net Assets Fund Balance$521,556$660,909▲ $139,353
Total Liabilities and Net Assets / Fund Balance$1,017,843$1,147,954▲ $130,111

Asset Categories

AssetBook ValueDepreciationBasis
Land$705,282-$705,282
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Micahel HarrisPresident & CEOFT$36,498$36,498

Board Members and Trustees

NameTitle
Justin GillisChair
Kathy CowanChair
Shawn MasseyVice-chair
Marcus WardBoard Attorney
Joy TouliatosDeputy Director
Cheyenne JohnsonDirector
Fara CaptainDirector
Louisa YanesDirector
Steve LockwoodDirector
Stuart LottDirector
Jill SteinbergSecretary
Evan CollinsTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$545,403
Program Service Revenue
$0
Investment Income
$501
Other Revenue
$3,077
All Other Contributions
$23,825
Change in Net Assets
$139,353

Audited Revenue Reconciliation

Revenue per Audited Statements
$548,981
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$548,981
Total Revenue per Form 990
$548,981
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$270,364
Other Expenses$139,264
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$244,445$5,958-$250,403
Fees for Services Legal-$50,580-$50,580
All Other Expenses$6,367$19,870-$26,237
Fees for Services Accounting-$17,500-$17,500
Payroll Taxes$13,688$337-$14,025
Other Expenses$7,169$7,593-$7,169
Other Employee Benefits$5,794$142-$5,936
Office Expenses-$4,710-$4,710
Insurance-$2,165-$2,165
Advertising$340--$340
Total Functional Expenses$277,803$131,825$0$409,628

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$409,628
Total Expenses per Audited Statements$409,628
Total Expenses per Form 990$409,628
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Michael HarrisExecutive DirectorMICHAEL HARRIS IS A BOARD MEMBER FOR CONVERGENCE MEMPHIS WHICH AWARDED A $100,000 GRANT TO MEMHPHIS METROPOLITAN LAND BANK ASSOCIATION DURING FISCAL YEAR ENDED 6/30/2023No$100,000
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Liability for Property Held Under Land Deposit Agreement$375,500
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
Yes
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

All board members are provided a complete copy of the form 990 before it is filed, and are able to raise any questions they might have before the filing takes place.

Form 990, Part VI, Section B, Line 12C

To ensure that the corporation operates in a manner consistent with its charitable purposes and that it does not engage in activities that could jeopardize its status as an organization exempt from federal income tax, periodic reviews shall be conducted at the direction of the board of directors.

Form 990, Part VI, Section C, Line 19

Bylaws, charter, and policies and procedures are available on website.

Filing and Contact Details

Filer

Filer Name
Memphis Metropolitan Land Bank Authority
EIN
81-2000933
Phone
9017573360
Address
1910 MADISON AVE 623, MEMPHIS, TN 38104

Signing Officer

Name
Evan Collins
Title
Treasurer
Phone
9017573360
Signed
2023-11-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Evan Collins
Formed
2015
Legal Domicile
Tn
Voting Board Members
9
Independent Board Members
9
Employees
6
Volunteers
0

Preparer

Firm
Watkins Uiberall Pllc
Address
1661 AARON BRENNER DR STE 300, MEMPHIS, TN 38120
Preparer
Zachary L Willis
Phone
9017612720
Supplemental Narrative

Additional Explanations

Form 990 Part XII Line 2C

The process has not changed from the prior year.

Raw XML AppendixShowing 400 of 475 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS REVENUE
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IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt03077
IRS990/OtherRevenueTotalAmt03077
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt05958
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0244445
IRS990/OtherSalariesAndWagesGrp/TotalAmt0250403
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt0337
IRS990/PayrollTaxesGrp/ProgramServicesAmt013688
IRS990/PayrollTaxesGrp/TotalAmt014025
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0274
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0274
IRS990/PrincipalOfficerNm0EVAN COLLINS
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0600939
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt09621
IRS990/PYOtherExpensesAmt0128955
IRS990/PYOtherRevenueAmt02811
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0327081
IRS990/PYSalariesCompEmpBnftPaidAmt0157335
IRS990/PYTotalExpensesAmt0286290
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0613371
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0139353
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0540578
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0600100
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0166000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt07150
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0150000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01463828
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt05403
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt03745
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt04737
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt02519
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt01266
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt017670
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt09526
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.98810
IRS990ScheduleA/PublicSupportPY170Pct00.98720
IRS990ScheduleA/PublicSupportTotal170Amt01463828
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0540578
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0600100
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0166000
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt07150
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0150000
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01463828
IRS990ScheduleA/TotalSupportAmt01481498
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0409628
IRS990ScheduleD/LandGrp/BookValueAmt0705282
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0705282
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0375500
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0LIABILITY FOR PROPERTY HELD UNDER LAND DEPOSIT AGREEMENT
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0548981
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0705282
IRS990ScheduleD/TotalExpensesPerForm990Amt0409628
IRS990ScheduleD/TotalLiabilityAmt0375500
IRS990ScheduleD/TotalRevenuePerForm990Amt0548981
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0548981
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0409628
IRS990/ScheduleJRequiredInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0MICHAEL HARRIS
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0EXECUTIVE DIRECTOR
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt0100000
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0MICHAEL HARRIS IS A BOARD MEMBER FOR CONVERGENCE MEMPHIS WHICH AWARDED A $100,000 GRANT TO MEMHPHIS METROPOLITAN LAND BANK ASSOCIATION DURING FISCAL YEAR ENDED 6/30/2023
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ALL BOARD MEMBERS ARE PROVIDED A COMPLETE COPY OF THE FORM 990 BEFORE IT IS FILED, AND ARE ABLE TO RAISE ANY QUESTIONS THEY MIGHT HAVE BEFORE THE FILING TAKES PLACE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1TO ENSURE THAT THE CORPORATION OPERATES IN A MANNER CONSISTENT WITH ITS CHARITABLE PURPOSES AND THAT IT DOES NOT ENGAGE IN ACTIVITIES THAT COULD JEOPARDIZE ITS STATUS AS AN ORGANIZATION EXEMPT FROM FEDERAL INCOME TAX, PERIODIC REVIEWS SHALL BE CONDUCTED AT THE DIRECTION OF THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2BYLAWS, CHARTER, AND POLICIES AND PROCEDURES ARE AVAILABLE ON WEBSITE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990 PART XII LINE 2C
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd01
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0THE CITY OF MEMPHIS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0626000361
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0GOVERNMENT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0TN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0PROVIDE BOARD OVERSIGHT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0125 NORTH MAIN ROOM 336
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0MEMPHIS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0TN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd038103
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt0400000
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0CASH
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0CITY OF MEMPHIS
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0C
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0TN
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00

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